PYXIS AUDIT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PYXIS AUDIT
Largest movements
- Current investments +€1.3m
up €1.3m (+1281.2%), from €99,364 to €1.4m
- Financial fixed assets -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Cash -€176,141
down €176,141 (-78.4%), from €224,556 to €48,415
mainly Current investments (-€1.3m) and Contributions, distributions and other (-€678,000)
- Receivables after one year +€175,000
new in 2025: €175,000
- Receivables within one year -€90,014
down €90,014 (-63.6%), from €141,600 to €51,586
of which Trade receivables: -€68,667
- Reserves +€722,000
up €722,000 (+106.5%), from €678,000 to €1.4m
- Other debts +€244,534
up €244,534 (+180.7%), from €135,352 to €379,887
- Debts after one year -€166,776
down €166,776 (-27.9%), from €597,958 to €431,182
- Tax, wage and social debts -€46,979
down €46,979 (-84.1%), from €55,874 to €8,895
- Current portion of long-term debt -€35,885
down €35,885 (-67.6%), from €53,076 to €17,191
- Financial income +€1.2m
up €1.2m (+4318.8%), from €28,413 to €1.3m
of which Non-recurring financial income: +€1.3m
- Gross operating margin -€93,027
down €93,027 (-26.8%), from €347,556 to €254,529
- Other operating charges -€70,054
down €70,054 (-95.6%), from €73,253 to €3,198
- Depreciation +€21,449
up €21,449 (+234.1%), from €9,163 to €30,612
- Taxes -€17,036
down €17,036 (-26.5%), from €64,281 to €47,244
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,553,186 | €2,271,254 | +€718,068 | +46.2% |
| Fixed assets | 21/28 | €1,086,271 | €619,704 | -€466,567 | -43.0% |
| Tangible fixed assets | 22/27 | €586,271 | €619,704 | +€33,433 | +5.7% |
| Land and buildings | 22 | €585,584 | €617,654 | +€32,070 | +5.5% |
| Furniture and vehicles | 24 | €604 | €2,050 | +€1,446 | +239.3% |
| Other tangible fixed assets | 26 | €82 | €0 | -€82 | -100.0% |
| Financial fixed assets | 28 | €500,000 | €0 | -€500,000 | -100.0% |
| Current assets | 29/58 | €466,916 | €1,651,550 | +€1.2m | +253.7% |
| Amounts receivable after more than one year | 29 | - | €175,000 | +€175,000 | |
| Other amounts receivable | 291 | - | €175,000 | +€175,000 | |
| Amounts receivable within one year | 40/41 | €141,600 | €51,586 | -€90,014 | -63.6% |
| Trade receivables | 40 | €116,600 | €47,933 | -€68,667 | -58.9% |
| Other amounts receivable | 41 | €25,000 | €3,653 | -€21,347 | -85.4% |
| Current investments | 50/53 | €99,364 | €1,372,451 | +€1.3m | +1281.2% |
| Cash at bank and in hand | 54/58 | €224,556 | €48,415 | -€176,141 | -78.4% |
| Deferred charges and accrued income | 490/1 | €1,396 | €4,099 | +€2,703 | +193.5% |
| Total equity and liabilities | 10/49 | €1,553,186 | €2,271,254 | +€718,068 | +46.2% |
| Equity | 10/15 | €697,251 | €1,425,506 | +€728,255 | +104.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €678,000 | €1,400,000 | +€722,000 | +106.5% |
| Distributable reserves | 133 | €678,000 | €1,400,000 | +€722,000 | +106.5% |
| Profit (loss) carried forward | 14 | €651 | €6,906 | +€6,255 | +960.2% |
| Amounts payable | 17/49 | €855,935 | €845,748 | -€10,187 | -1.2% |
| Amounts payable after more than one year | 17 | €597,958 | €431,182 | -€166,776 | -27.9% |
| Financial debts | 170/4 | €597,958 | €431,182 | -€166,776 | -27.9% |
| Amounts payable within one year | 42/48 | €257,977 | €413,797 | +€155,820 | +60.4% |
| Current portion of amounts payable after more than one year | 42 | €53,076 | €17,191 | -€35,885 | -67.6% |
| Financial debts | 43 | €1,199 | €556 | -€643 | -53.7% |
| Other loans | 439 | €1,199 | €556 | -€643 | -53.7% |
| Trade debts | 44 | €12,476 | €7,269 | -€5,207 | -41.7% |
| Suppliers | 440/4 | €12,476 | €7,269 | -€5,207 | -41.7% |
| Taxes, remuneration and social security | 45 | €55,874 | €8,895 | -€46,979 | -84.1% |
| Taxes | 450/3 | €55,874 | €8,895 | -€46,979 | -84.1% |
| Other amounts payable | 47/48 | €135,352 | €379,887 | +€244,534 | +180.7% |
| Accrued charges and deferred income | 492/3 | - | €769 | +€769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,163 | €30,612 | +€21,449 | +234.1% |
| Other operating charges | 640/8 | €73,253 | €3,198 | -€70,054 | -95.6% |
| Gross operating margin | 9900 | €347,556 | €254,529 | -€93,027 | -26.8% |
| Operating profit (loss) | 9901 | €265,140 | €220,718 | -€44,422 | -16.8% |
| Financial income | 75/76B | €28,413 | €1,255,504 | +€1.2m | +4318.8% |
| Recurring financial income | 75 | €28,413 | €5,504 | -€22,909 | -80.6% |
| Non-recurring financial income | 76B | - | €1,250,000 | +€1.3m | |
| Financial charges | 65/66B | €13,006 | €22,724 | +€9,718 | +74.7% |
| Recurring financial charges | 65 | €13,006 | €22,724 | +€9,718 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €280,547 | €1,453,499 | +€1.2m | +418.1% |
| Income taxes | 67/77 | €64,281 | €47,244 | -€17,036 | -26.5% |
| Profit (loss) for the period | 9904 | €216,267 | €1,406,255 | +€1.2m | +550.2% |
| Profit (loss) for the period to be appropriated | 9905 | €216,267 | €1,406,255 | +€1.2m | +550.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.